Electronic Funds Transfer

ALSO CALLED:
ACH,
EFT,
Automated Clearing HouseDEFINITION: Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands. One of the most widely-used EFT programs is Direct Deposit, in which payroll is deposited straight into an employee's bank account, although EFT refers to any transfer of funds initiated through an electronic terminal, including credit card, ATM, Fedwire
Definition continues below.

VIDEO:
This video examines Dell Enterprise Systems Management solutions that are built deliver more from your IT infrastructure. View now to learn how you can speed time to production and maintain consistency across the infrastructure, simplify administration of your enterprise infrastructure, deliver comprehensive end-to-end management, and more.

WEBCAST:
View this in-depth webcast to learn about the "new style" of IT and how you can leverage your staff to overcome the pressures and obstacles presented today. Watch now to discover the path to impact business performance around workforce productivity, business trends and intelligence, and customer acquisition and loyalty in the digital age.

WEBCAST:
This on-demand webcast investigates performance management and analytics tools that can help drive success in finance and risk management. Watch now to discover product updates, best practices, and more.

PODCAST:
Tune into this podcast for expert insight into the impact of cloud computing on your IT infrastructure. Hear from cloud computing expert, Jeff Kaplan, as he explains the basic pressures driving cloud computing. Learn about Amazon's influence on the cloud market and discover the 3 elements that attract enterprises to the cloud.

WEBCAST:
Tune in to this informative and detailed webcast to learn how about an infrastructure optimizing solution. Discover how you can lower cost while reducing time to deliver service to the organization. Watch now to learn how to enable IT to become a change agent and to be a factor in increased ROI.

WEBCAST:
Join this interactive webcast to learn more about:• Common mistakes that people make during the OS migration project • How Dell overcame mistakes we made during our migration • How Dell helped other companies overcome common mistakes • Goodness that came out of the migration program

WEBCAST:
This on-demand video case study explains how Sicoob, Brazil's largest cooperative credit system, achieved high performance and scalability by investing in the right server platform, allowing the company to accommodate business growth.

SOFTWARE DEMO:
An effective method of monitoring and managing metrics is critical to increasing the performance of any organization. Learn how to gain visibility into all areas of concern and leverage insight into operations that stakeholders demand to ensure success.

PODCAST:
Listen to this podcast as the Senior Director and Lead in the European Markets for Cisco's Internet Business Solutions Group, explores how CIOs balance cost containment with making strategic investments that will help their businesses accelerate growth today and into the future.

VIDEO:
CA ARCserve Backup r12.5 uses a three-tier architecture within a domain. Check out this demonstration for an explanation of the CA ARCserve Backup r12.5 SRM Features, including architecture, dashboard overview, nodes and tiers, and SRM probe.

PODCAST:
Today, more than ever, organizations must deliver the benefits of cost optimization and business agility. This podcast series explains how that goal can be realized through dynamic Business Processes Management. The series focuses on banking, government, healthcare, insurance, cross-industry and retail.

VIDEO:
The dynamic case management approach is helping companies achieve significant, competitive results. In this webinar, learn how your company can also achieve better service outcomes with dynamic case management.

VIRTUAL ENVIRONMENT:
This in-depth webcast, presented by Daniel Galecki, a software veteran and IT asset management guru, covers the IT transformation from a cost center to an IT service broker, and explains why analysts agree that chargeback is critical to the success of your cloud projects.

WEBCAST:
Access this informative webcast to learn about an innovative service desk technology that was designed to simplify service desk processes and alleviate the common issues associated with legacy service desk systems.

VIDEO:
In this on-demand video case study, learn how the right enterprise-level management software allowed La Jolla Institute for Allergy & Immunology to better manage, secure, and track all of its systems and devices.

PODCAST:
Listen to this podcast with David Jones, Director at PWC, who has worked with multi-national companies across Europe helping them to make the transition to adopting IFRS and to improve their financial reporting in the process.

ELECTRONIC FUNDS TRANSFER DEFINITION (continued): and point-of-sale (POS) transactions. It is used for both credit transfers, such as payroll payments, and for debit transfers, such as mortgage payments.Transactions are processed by the bank through the Automated Clearing House (ACH) network, the secure transfer system that connects all U.S. financial institutions. For payments, funds are transferred electronically from one bank account to the billing company's bank, usually less than a day after the scheduled payment date.The growing popularity of EFT for online bill payment is paving the way for a paperless universe where checks, stamps, envelopes, Electronic Funds Transfer definition sponsored by SearchWinIT.com, powered by WhatIs.com an online computer dictionary

TechTarget provides enterprise IT professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective IT purchase decisions and managing their organizations' IT projects - with its network of technology-specific Web sites, events and magazines